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. nasdaq up 26. if you are a lot of people online shopping break you get on sales tax. it can add up. washington wants a piece of the action. chief washington correspondent james rosen on the online money grab. >> the motion is agreed to. >> ecommerce may soon get a reboot after the senate voted 74 to 20 on monday to advance the marketplace fairness act. a measure that would require online retailers who do more than a million dollars a year in out-of-state business to collect the applicable sales taxes for each state in which their online buyers reside. proponents say this will level the playing field for bring and mortar stores whose owners have grown accustomed to seeing customers browse the showroom only to dash off to a computer or hand held device. >> that's not fair. that's discriminating against the local merchant. the local merchant who hires local people. the local merchant who pays property taxes. >> nine states have enacted online sales taxes. enforcement thus far has been lax. the marketplace fairness act would require the states to provide online retailers with new softw
at $400 a share. it's got more than $100 net cash even after paying taxes, so you're paying $3,000, any earnings down 25% from what's expected. he put a ten p-e on that and this is a very cheap stock unless you believe that earnings will decline every year from here on out. that's ahead of the case and we're not buying ahead of it because we like the position that we have, you know, but we think it's an exceptionally cheap stock at this level. >> it will be one of the most-watched numbers of the quarter. thanks so much. >> thank you. >> switching gears, they were grossly negligent in the lead up to the brokerage firm's collapse. kayla tausche has more on this story which she's been following from its earlier days. >> it seems like it's been forever, david. we're getting a 61-page lawsuit from the bankruptcy court in manhattan. it takes aim at john corzine and the coo and cfo breaching fiduciary duty as it entered a downward spiral in 2011. it seeks an unspecified amount in damages. trustees won approval for a liquidation plan. in a statement, trustee louis freeh says attempts at med med
have a worry about the consumer and tax refunds will start coming now. credit conditions support employment and certainly consumer staples look very expensive. >> what about utilities up 19% so far this year? utilities are up 16% and health care up 19%. is your money safe in there? will they continue to hold up? >> we've been overweight utilities so i'm not going to be too uncomfortable with that and that's improvement with natural gas prices and in health care it's been very much about dividends and that we saw reimbursement rates that were supposed to be cut recallier this year, and i think it's too late to be on the healthcare bandwagon. >> sectors like materials which have not been with the rally and do you think some of the underperforming sectors will catch up? >> we are worried about materials still and we have to be careful in the u.s., chemicals are 20% metals and mining and look at the s&p 500 materials sector. europe is a big problem for chemical companies and even though they have shale gas as a feed stock, the problem is 20%, 25% of their business is probably going t
. >> yeah, it has, which is good because that may counteract the effects of the payroll tax high. what about gold? let's check the commodities like gold, the ten-year. down about 7%. 7 bucks to $1414. there's been a bit of a move in sort of the euro. we want to keep an eye on that. there's your currency chart here in the ten-year treasury note. we talk about home sales. you always want to watch the ten-year treasury note. the yield right now is at 1 o.66. in corporate news this morning, japan says final permission to resume flights on boeing's dreamliner, it may come as early as thursday. that's earlier than expected. yesterday, boeing's engineers began install b reinforced lithium ion batteries on all nippon airways jets. some investment banks that have been looking to sell businesses with liquid assets in order to appease regulators and bolster balance sheets. credit suisse cited the rule last summer as a reason for exploring that sale. also, a u.s. trade panel has ruled apple didn't violate a google patent to make the iphone. if it had been found guilty, the tech giant's popular devices c
to have the same enthusiasm for paying taxes for the education of its college students today than it had during the cold war. >> anybody else? back in the red shirt in the middle here. >> one of the kingpins of hollywood, more behind the seasons, was lou wasserman who seemed to helped his forces to some political efforts. what was his leanings? was he considered to be a lefty, righty, or just a pragmatist. >> the question is about lou wasserman and his political lengs. -- political leanings. richard? >> lou was seniorman was essentially a man defeated to the welfare of universal pictures. that's what he did and how he defined himself. it seems to me that wasserman was in a certain sense value neutral so long as whatever was happening worked to the benefit of his studio and his enterprise, and it was a vast enterprise by the time it was -- it reached full maturity. i don't think he was -- i don't think he was evil man. he was just a guy really tending to business in a very, very, i must say, very effective way. there's no question in my mind at least, that he was the weeding ontrip -- the
. and, most importantly, president obama wants more taxes. >> correct. when was the last time an american president ever deliberately inflicted pain on the population in order to score a political point? >>brian: there was a delay in new york for two to three hours as well as chicago and atlanta. this is incredible. how long can that continue? >> it's going to go on in the future apparently. >>steve: could go through the summer. >> they are going to cut $637 million out of the f.a.a.'s budget. that will affect some of the 15,000 air traffic controllers. and they're expecting delays on 6,700 flights a day. >>steve: the extraordinary thing is of the f.a.a.'s budget, 70% is the payroll for the guys in the tower and what not. 70%. why don't they make the cuts to the 30% that doesn't involve -- >> why is it you've got more air traffic controllers today than you did a year ago, you're spending more on the f.a.a. today than a year ago and you can't cut out of there when incurring delays on the suffering public? >>brian: this segment is so much better than yesterday's; am i right, guy
up to $300,000 in annual tax revenue. neighbors in the area expressed concern about how more air traffic and noise levels would harm them but the mayor insisted that signature and the other jet companies will adhere to the curfew in place from 11:30 p.m. to 6:00 a.m. we talked to an airport official about the howl and how they will -- how they will benefit and how the airport needs the money. we'll bring that to you coming up in the next hour of "mornings on 2." janine de la vega, ktvu channel 2 news. >>> coming up next -- the senate prepares to take action on the issue over gun control. how the votes are stacking up for extended background checks. and what california dianne feinstein said on the senate floor years ago. >>> this year's host of the oscars. he's now at the center of a controversy tied to the boston marathon bombings. >>> 30s, 40s and 50s on the low. it's clear for everybody. windy for some. highs today warming up. a lot of 70s, low to mid. temperatures will continue to warm up. >>> we're getting word of delays at sfo. the airport says flights to and from o'hare int
be another one of those. but you have had the payroll tax increase go into effect. you've had sequestration go into effect. you have no growth in people's incomes. that was the more disappointing numbers out of the last unemployment insurance report. and if people don't have money, they can't spend money. and finally, we're being affected in the slowdown in europe in particular and the slowdown in the emerging markets. our export growth has fallen to about zero at the moment because there isn't demand overseas for our products. so it feels like a little bit of a soft spot, but we'll see. >> how much of this is consumer confidence, do you think? >> consumer confidence definitely plays a role. but consumers right now don't have the money to spend. and if they went out and spent, they'd be borrowing money. i don't think -- i think it's a more fundamental problem in a way than consumer confidence. >> steve, my long wait yesterday trying to get up to new york, in the lounge was tim geithner waiting for the flight, as well. i asked him, we're seeing these good signs in the economy, how much of it
she brought the tax rate from 83 to 40% and dealt with the labor problem as katty said and she made enormous progress. and, by the way, everyone who blames her for the crisis in 2008, you know, in between margaret thatcher and 2008 there were three or four british prime ministers and then now david cameron. none of them reversed the system. as someone said a minute ago, everybody bought into the system and i think -- so i think her legacy is incredibly positive. the last point i would make she had the right idea about europe and why britain should fit into europe. >> she was right about britain. all these years later it cost her her job but she was right about europe. >> we will be following the funeral service under way right now throughout the morning. martin bashir, thank you. we will see you at 3:00 eastern time on msnbc. >> thank you, martin. appreciate it. >>> coming up next, the gun background check bill is on shaky ground as it heads to a vote today in the senate. will it break down its chances of passing? next. you're watching "morning joe," brewed by starbucks. at tyco int
in new york city. new york already has the highest cigarette tax in the country, as of late last ye, 28 states banned smoking in all general workplaces, public places, including bars and restaurants. so this essentially would raise the age if it goes through to the same age where you can buy booze so booze a cigarettes in the same category. >> you wonder if that will backfire make mor kidshe same with alcohol wan to try i because you have to be 21 to have access to it. >> i don't know. >> i tnk it's a great idea. >> i do, too. >> there needs to be some tougher legislation. >> the good news is that new york smoking rateor teens in new york city is at like 8.5%, which is far less than the state average and the national average, but it's been stagnating. it had been dropping and now it's stagnating. i don't see anything wrong with it. >> this continues the long decline of smoking in america some numbers that stunned me t wasn't until 1998 that smoking was banned aboard all u.s. domestic flights under six hours. >> i remember we were talking about how it doesn't seem like it was that long a
Search Results 0 to 9 of about 10